Trading For Profit – Value Racing Tips

Published on June 14, 2014 by Darren @ Betting Gods

When Trading using Value Racing Tips we back the horse with the bookies overnight, ideally using Best Odds Guaranteed Bookies, then Lay the horse the following day on the Exchanges.

It is very low risk and you are never likely to lose your full stake if you follow the guidelines.

Lets take a stake of £50 and an example of horse price of 6/1. Now we have to use decimals due to calculations so 6/1 becomes 7.00. In this first example for ease of explanation let’s assume no commission on Betfair or Betdaq but in reality this varies from 1-5% depending on where and who the trader is.

If the horse wins our back return is £350 (Profit of £300) Now if the odds drop to 4.00 then by trading we have several options.

Option One – The Free Bet The first and simplest is by taking a free bet which gives two separate outcomes.

To do this simply lay your stake at the new odds:

Lay the horse for £50 at 4.00

If the horse loses we win £50 at the exchange (stake returned) If the horse wins we win £300 at bookies but only lose £150 at exchange (Liability is £50 x (4.0 – 1) = £150)

This is all or nothing but is giving us a free bet after all.

Option Two – Guaranteed Income With this option we look to equalise the outcome, win or lose. This is my preferred method.

A small calculation is required but nothing too strenuous.

Take your back return from the win which will be £350 (Profit £300) Divide this by the lay odds on the exchange – lets still use 4.00

you say “and you are never likely to lose your full stake if you follow the guidelines.” but never really explained that. I have thought on this, and if you round for start of the race, if it does drift considerably on betfair it can drift at the bookies also, so could maybe lay then at higher odds for less loss. Don’t know if it’d work, just an idea. Or another would be you could let it go in play and set a lay at lower price. Haven’t tried either or trading them, have you tested anything like this to limit loses on drifters?